Tuesday, July 14, 2015

Wednesday’s Trading Plan | Crude Oil, Gold, E-mini & Euro Futures 07/14/15



"One of the marks of excellent people is that they never compare themselves with others. They only compare themselves with themselves and with their past accomplishments and future potential."

Notes for Tonight’s Newsletter:
We have major news on the schedule for Wednesday and trading-ranges to look for ‘traps’ and ‘failure’ opportunities tomorrow… are you ready?

Crude Oil is trading sideways with a 'bear-flag' ahead of tomorrow's Inventory News which means our plan will be selling the highs with 'failures' and 'traps' at the resistance levels overhead.

E-mini S&P is bullish but 'overbought' after 2 days of rising prices which means sellers will be waiting for these buyers to try and fail at these highs for opportunities back to the range we started-from at the beginning of the week.

Gold is bearish and trading inside a range which means we are looking for selling opportunities at resistance levels overhead using 'traps' and 'failures' from the buyers.

Euro is trading sideways inside a range which means we are looking to buy the lows and sell the highs with 'traps' and 'failures' while avoiding the middle of the range.



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